# T. Rowe Price Real Assets Fund, Inc. (PRAFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/prafx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: T. Rowe Price · Asset class: Equity - Strategy: Actively Managed · Inception: 2010-07-29 This fund dedicates a significant portion—a minimum of 80%—of its net assets (which includes any capital acquired through borrowing) to investments directly in "real assets." This allocation also extends to companies that derive at least half (50%) of their profits or revenues from, or allocate at least 50% of their assets to, real assets and related business activities. The fund employs a broad definition for "real assets," essentially considering them to be any assets with tangible physical properties. Furthermore, the fund's investment scope is global, allowing it to invest in companies... ## Key Facts | Metric | Value | |---|---| | Price | $19.63 | | Expense Ratio | 0.93% | | Assets Under Management | $10.23B | | NAV | $19.63 | | Holdings Count | — | | Distribution Yield (TTM) | 2.65% | | Annual Distribution (TTM) | $0.52 /share | | Distribution Frequency | Annual | | 52-Week Range | $16.77 – $21.39 | | Beta | 0.88 | ## Latest Distribution - Amount: $0.5202 /share - Ex-date: 2025-12-11 - Pay date: 2025-12-12 ## Frequently Asked Questions ### What does PRAFX invest in? This fund dedicates a significant portion—a minimum of 80%—of its net assets (which includes any capital acquired through borrowing) to investments directly in "real assets." This allocation also extends to companies that derive at least half (50%) of their profits or revenues from, or allocate at least 50% of their assets to, real assets and related business activities. The fund employs a broad definition for "real assets," essentially considering them to be any assets with tangible physical properties. Furthermore, the fund's investment scope is global, allowing it to invest in companies situated across the world, without any restrictions on its exposure to international securities or issuers in emerging markets. ### What is the expense ratio of PRAFX? T. Rowe Price Real Assets Fund, Inc. (PRAFX) charges an expense ratio of 0.93%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is PRAFX? T. Rowe Price Real Assets Fund, Inc. (PRAFX) manages $10.23B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is PRAFX actively managed or an index fund? PRAFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (PRAFX's is 0.93%) in exchange for the discretion to over- or under-weight positions. ### When was PRAFX launched? T. Rowe Price Real Assets Fund, Inc. (PRAFX) launched in July 2010 and is managed by T. Rowe Price. ### How has PRAFX performed? PRAFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does PRAFX pay a dividend? T. Rowe Price Real Assets Fund, Inc. (PRAFX) currently distributes little or no income. Trailing-twelve-month yield is 2.65%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PRAFX pay dividends? T. Rowe Price Real Assets Fund, Inc. pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PRAFX's dividend yield? PRAFX's trailing-twelve-month yield is 2.65%, calculated from the sum of dividends over the past year divided by the current price. ### When is PRAFX's next ex-dividend date? The most recently announced ex-dividend date for PRAFX was 2025-12-11. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will PRAFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.93% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PRAFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from PRAFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PRAFX cost more than a fund like VOO? PRAFX is actively managed (current expense ratio 0.93%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether PRAFX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to PRAFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as PRAFX (0.93%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/prafx - Distribution history: https://www.dividenddata.com/funds/prafx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/prafx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/prafx/expenses - Peer comparison: https://www.dividenddata.com/funds/prafx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.